Crypto Trends: Bitcoin’s Rise, Ethereum’s Challenge, and Global Market Influences

Source Beincrypto

CoinGecko Q3 Crypto Industry Report determined that the whole market has shrunk by 1.0%. Bitcoin enjoys a 3-year high for market domination, and Ethereum is slipping in several metrics.

Several minor concerns need addressing, but the quarter as a whole has been positive for crypto.

Bitcoin in World Markets

CoinGecko report described several interesting market trends. At first glance, Bitcoin is performing quite well, with a share of the total crypto market over 53%. Moreover, as of writing, Bitcoin dominance stands over 58%.

This would mark Bitcoin’s highest dominance relative to other crypto assets since its bull run in April 2021.

Read More: Bitcoin (BTC) Price Prediction 2024/2025/2030

Q3 Bitcoin DominanceQ3 Bitcoin Dominance. Source: CoinGecko

However, CoinGecko raised several points that seem less bullish. The total market cap for all crypto assets declined slightly in this period, and even Bitcoin underperformed traditional assets like gold and several treasury bonds. British, Japanese, and US treasury bonds all overpowered Bitcoin after early August.

World government policies, especially those of these countries, had a marked influence this quarter. US rate cuts were a particular boon to Bitcoin, as were possible tax cuts in Japan.

Stimulus announcements in China also helped buoy the entire crypto market. CoinGecko did not assess Chinese treasury bonds, but analyst Eric Balchunas noted high ETF performance:

“YEAR OF THE BULL: China ETFs’ October inflow total is now up to $11 billion. What a chart. $90 billion of asset purchases by the government will do that…” said Balchunas in a Monday post.

China ETF PerformanceChina ETF Performance. Source: Eric Balchunas

In short, Bitcoin is taking an outsized advantage over the crypto market, but this isn’t a triumph. The bigger market is floundering, and world economic policies brought this decentralized currency its biggest win.

“Although the price of Bitcoin remained flat in Q3, US Spot Bitcoin ETFs experienced larger net inflows…in Q3 compared to Q2. The resurgence of inflows boosted AUM by 13.2%,” the report claimed.

Ethereum Overshadowed?

Ethereum (ETH) lost some of its market share to Bitcoin, but that’s not the only development CoinGecko focused on. Ethereum’s Layer-2 (L2) transactions rose 17.2% this quarter, but nearly half came from Base. This Ethereum L2 has been a breakout success recently, and it was responsible for 42% of ETH L2 transactions.

Read More: How to Create a Token on Base Blockchain: No Code Guide

Base has been steadily eating away at Ethereum’s hold over decentralized exchange (DEX) trading, growing while ETH shrinks. Solana has also taken bites out of ETH’s share, as CoinGecko previously noted this chain’s technical advantages.

“In 2024 Q3, Ethereum was the dominant chain for DEX trading, though its market share is now consistently below 40%. DEX trading activity continued to flourish on Solana, buoyed by the multitude of meme coins. Meanwhile, Base continued to grow its market share in Q3, despite being a slow quarter for the crypto market,” CoinGecko claimed.

DEX Trading Volume by ChainDEX Trading Volume by Chain. Source: CoinGecko

Finally, neither Bitcoin nor Ethereum can claim a wholly successful quarter. The crypto market only shrank slightly in Q3 2024, but it’s still a concerning sign. Bitcoin’s successes and failures seem tied to a broad range of other factors, and Ethereum faces real competition.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judgeAlphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.
Author  Irene Q.
Oct 26, Mon
Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.
placeholder
Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the riskAnthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.
Author  Irene Q.
Oct 27, Tue
Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.
placeholder
Fed October Rate Decision Preview: Rate Hike Pause Has Become Consensus, How Will US Stocks, Dollar, and Gold React?The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide
Author  TradingKey
Oct 27, Tue
The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide
placeholder
Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premiumDecember Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.
Author  Irene Q.
Yesterday 06: 21
December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 29, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 29, 2026. Read on for the details.
Author  Mitrade
7 hours ago
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 29, 2026. Read on for the details.
goTop
quote